Some people believe that an automated accounting system is always better than a manual system. Describe circumstances, and provide examples, where a manual system would be recommendable rather than automated solution

Some people believe that an automated accounting system is always better than a manual system. Describe circumstances, and provide examples, where a manual system would be recommendable rather than automated solution

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter3: Electronic Business (e-business) systems

Section: Chapter Questions

Problem 1SP

See similar textbooks

Related questions

Q: Solve this accounting question

A: Step 1: Define Fixed AssetsFixed assets are the economic resources of a company that are used in…

Q: Please need answer for this accounting question

A: Step 1: Define Return on AssetReturn on asset (ROA) is a common profitability ratio to assess the…

Q: Which of the following is a contra account?

A: Explanation of Contra Account: A contra account is used to offset the balance of a related account.…

Q: Managerial Accounting

A: Step 1: Introduction to the Absorption CostingAbsorption and variable costing are two costing…

Q: General Accounting

A: Step 1: Define AnnuityAn annuity is a financial agreement with a defined set of terms, such as a…

Q: Hi expart Provide answer the accounting question

A: Step 1: Define Return RatiosThe corporations that intend to raise capital from the public through an…

Q: Give true answer don't use chatgpt

A: The correct answer is option e). $ 60.25 Hopefully this is helpful to you.

Q: Provide correct net sales

A: Step 1: Define Net SalesNet sales are the amount of revenue earned by the company after taking into…

Q: The primary purpose of financial accounting is to: a) Prepare tax returns b) Provide information for…

A: Explanation of Tax Accounting:Tax accounting focuses on preparing and filing tax returns, ensuring…

Q: Give me 3 deatiled paragraphs on how Applebee's revenue process is done

A: Now, we are going to analyze how the popular restaurant business Applebee's generates revenue from…

Q: Ajit

A: Understanding the Table and CalculationsThe Table StructureThe table you provided seems to be…

Q: R E Q U I R E D:Determine the amounts that would appear in the consolidated financial statements of…

A: 4:Pam's retained earnings as of December 31, 2019$2,670,000 (from Pam's trial balance)Sam's retained…

Q: Which of the following is not a financial statement?

A: Explanation of Income Statement:The income statement is a financial statement that summarizes a…

Q: Alexis Company was started in Year 1. At the end of Year 1, the Company had the following accounting…

A: Step 1: Understand the Accounting Equation at the End of Year 1The accounting equation at the end of…

Q: None

A: Step 1: Define Net IncomeNet income derived in accounting is defined as the residual value obtained…

Q: Find the Common Size Analysis for three years for the Income Statement of Excel Corporation.

A: Common Size Analysis, also referred as vertical analysis, is a tool that financial managers use to…

Q: please need answer this accounting question

A: Step 1: Define Cost of GoodsThe cost of goods includes all the costs that are incurred in the…

Q: Need General Accounting Question Solution

A: Step 1: Define Discount RateThe discount rate is an estimated rate that adjusts for inflation by…

Q: Need answer the accounting question

A: Step 1: Define Factory OverheadFactory overhead is the cost of operating a company that cannot be…

Q: For the credit card account, assume one month between billing dates (with the appropriate number of…

A: Key Information:Interest rate: 1.4% per monthBilling Period: July 14 to August 14 (32 days)Previous…

Q: Hello tutor solve this one

A: Step 1: Introduction to the Financial StatementsFinancial statements are the organization's…

Q: On January 1, 2015, Pam Corporation made a significant acquisition, purchasing 75 percent of…

A: Step 1: Calculate the fair value of net assets acquired and goodwill at acquisition dateFair value…

Q: Managerial accounting

A: Under the absorption costing method, all the variable and fixed factory overheads need to be…

Q: General Accounting question give answer

A: To calculate the increase in earnings per share (EPS) due to a 7% increase in sales, we can use the…

Q: On March 15, 2024, Helen purchased and placed in service a new Acura MDX. The purchase price of the…

A: To calculate Helen's depreciation for her new Acura MDX in 2024, we'll approach the problem in two…

Q: Exercise 8-4A (Algo) Determining the cost of an asset LO 8-1 Southwest Milling Company purchased a…

A: Step 1: A) Costs that need to be capitalized include the purchase price after discount, freight…

Q: Need help with this accounting question

A: Step 1: Define Contribution MarginThe contribution margin helps companies identify areas that are…

Q: Hello tutor solve this problem not use ai

A: We have given, Manufacturing overhead cost = $894,600Direct labor cost = $497,000Direct labor hours…

Q: 2. Elm Paper Corporation manufactures 20,000 rolls of paper each period. The paper is used as an…

A: To determine whether Elm Paper Corporation should continue manufacturing the paper rolls or purchase…

Q: Information on Engstom's direct labor costs for the month of August is as follows: Actual rate $7.50…

A: Step 1:Use the Formula for Labor Price VarianceStep 2:Solve for the DifferenceStep 3:Find the…

Q: General Accounting

A: The gross margin ratio is calculated using the following formula:Gross Margin Ratio = Gross Profit /…

Q: General Accounting Question Solution

A: Big Blue Banana (BBB) wants to lower taxes by borrowing money to repurchase shares. This creates a…

Q: What was I doing wrong with the numbers?

A: Scenario:Jim contributes the rights to a patent to DBJ in exchange for 10% of the stock, valued at…

Q: Don't use AI.

A: We need to calculate the present value of the profit stream over the 7-year period by integrating…

Q: WHAT IS SPACEX'S CASH FLOW FROM ASSETS

A: The cash flow from assets (CFA) for FY24 is -218 million. This negative cash flow indicates that the…

Q: Some firms do not think they need to invest time and resources in data analytics because they…

A: Step 1: Businesses may fail to see the additional advantages of data analytics if they think their…

Q: Give true answer for this accounting question

A: Explanation: The equivalent units are sum of complete units and incomplete units adjusted for their…

Q: shj

A: In part a, ROI is calculated by dividing division profit by total assets. For part b, the new…

Q: Need help accounting question

A: Step 1: Define Assets TurnoverThe assets turnover is the ratio of total sales revenue relative to…

Q: What are the equal monthly payments you must make?

Q: Hi expart need help with the general accounting question

A: Step 1: Define Contribution Margin AnalysisThe contribution margin analysis for a firm usually…

Q: Accounting entry

A: Explanation of Depreciation Expense: Depreciation expense is the cost allocated for the wear and…

Q: None

A: Step 1: Calculate the total production cost per unitStep 2: Determine the number of units in ending…

Q: Need answer not use ai

A: Step 1: Sales of $9,000 on account:This represents revenue earned in 2016, even though the cash…

Q: What is the primary purpose of a trial balance? a) To prepare financial statements b) To identify…

A: Explanation of Trial Balance:A trial balance is a statement that lists all the ledger account…

Q: Provide correct calculation for this accounting question

A: To assess the share price of Big Blue Banana (BBB) following the news, we will use the…

Q: Hello tutor give me true calculation

A: Step 1: Define Shareholders' EquityShareholders' Equity confers to the net worth of the Company or…

Q: Need answer the accounting question

A: Step 1: Introduction to the OverheadOverhead refers to the indirect expenses of production that…

Q: Need answer please

A: Steps to Calculate Operating IncomeStep 1: Calculate COGS (Cost of Goods Sold):• COGS = Beginning…

Q: General Accounting Question Solve

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

What is the most important quality for accounting information as identified in the conceptual framework? Explain why it is the most important. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Please help me to get answer
ERP systems use the best-practices approach in designing their applications, yet goodness of fit is considered to be an important issue when selecting an ERP. Shouldn’t the client just be able to use whatever applications the ERP system provides?
Right choice for to this
What distinguishes adaptive accounting system?
Are computerized accounting systems different than manual accounting systems? How are these different?
Right answer for general accounting
Some people believe database technology may eliminate the need for double-entry accounting. This creates three possibilities: (1) the double-entry model will be abandoned; (2) the double-entry model will not be used directly, but an external-level schema based on the double-entry model will be defined for accountants’ use; or (3) the double-entry model will be retained in database systems. Which alternative do you think is most likely to occur? Why?
Using accounting software is better than preparing reports manually because it is, O A. less centralized, time efficient, and more accurate O B. cost effective, time efficient, and less centralized O C. cost effective, less centralized, and more accurate O D. cost effective, time efficient, and more accurate SUBMIT
Answer in step by step with explanation. Don't use Ai and chatgpt.
User acceptance testing is more important in an object-oriented development process than in a traditional environment because of the implications of thea. absence of traditional design documents.b. lack of a tracking system for changes.c. potential for continuous monitoring.d. inheritance of properties in hierarchies.
User acceptance testing is more important in an object-oriented development process than in a traditional environment because of the implication of the